Community Reinvestment
Further information: Community Reinvestment ActThe Community Reinvestment Act of 1977 requires insured depository institutions to reinvest in the communities they serve. There should be an emphasis on low-income and moderate-income (LMI) census tracts and individuals. Insured depository institutions must display a CRA notice, and each branch must have a current CRA public file or access to it via the company's intranet, and must provide the information in person or by mail.
Read more about this topic: Bank Regulation In The United States
Famous quotes containing the word community:
“It never was in the power of any man or any community to call the arts into being. They come to serve his actual wants, never to please his fancy.”
—Ralph Waldo Emerson (1803–1882)